Economy - Page 3

6 months ago

Inflation Eases, But Concerns Persist as 2024 Election Approaches

As the U.S. gears up for a pivotal presidential election, inflation has quietly returned to normal levels, but it remains a top concern for many voters. According to a recent Ipsos poll,

U.K.-Inflation-Drops-to-3-Year-Low-Paving-Way-for-Rate-Cut-in-November

Economy

6 months ago

U.K. Inflation Drops to 3-Year Low, Paving Way for Rate Cut in November

Inflation in the United Kingdom has fallen to its lowest level in over three years, according to official data released on Wednesday. The decline in consumer prices has solidified market expectations that

Federal-Reserve's-Bostic-Cautions-on-Further-Rate-Cuts-Amid-Inflation-Concerns

Economy

7 months ago

Federal Reserve’s Bostic Cautions on Further Rate Cuts Amid Inflation Concerns

Federal Reserve Bank of Atlanta President Raphael Bostic has signaled cautious optimism as the central bank begins its rate-cutting cycle, starting with a larger-than-expected half-point reduction. The move, aimed at stabilizing the

Fed Officials Signal Patience on Interest Rate Cuts

Williams and Goolsbee Highlight Economic Uncertainty New York Federal Reserve President John Williams said Friday that the U.S. central bank’s current monetary policy stance is appropriate, given the high level of uncertainty

3 weeks ago

Economy

Bank of England Holds Rates as Trade Uncertainty Looms

Interest Rates Remain at 4.5% Amid Economic Pressures The Bank of England (BOE) decided on Thursday to keep interest rates at 4.5%, as the U.K. economy grapples with global trade tensions and

3 weeks ago

Economy

Fed Holds Rates, Signals Future Cuts Amid Economic Uncertainty

Fed Keeps Rates Steady, Eyes Future Reductions The Federal Reserve decided to keep its benchmark interest rate in the 4.25%-4.5% range on Wednesday, though policymakers still expect two rate cuts later this

3 weeks ago

Economy

Fed Faces Tougher Decisions as Inflation and Tariff Risks Grow

When Federal Reserve officials last met in late January, the economic picture looked relatively strong: Hiring was solid, growth was steady, and inflation had cooled from its peak two years ago. Seven

3 weeks ago

Economy

US Homebuilder Confidence Falls to 7-Month Low

US homebuilders are growing more pessimistic as they contend with economic uncertainty, rising tariffs, and high housing costs. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index fell to 39

3 weeks ago

Economy

Canada’s Inflation Surges to 2.6% in February

Canada’s annual inflation rate unexpectedly jumped to 2.6% in February, surpassing expectations as the expiration of a sales tax break pushed prices higher, Statistics Canada reported on Tuesday. The surprise inflation increase

3 weeks ago

Economy

OECD Warns Trump’s Tariffs Are Slowing Global Economic Growth

President Donald Trump’s tariff policies are dragging down economic growth in the United States and globally, while simultaneously driving up inflation, according to a report from the Organisation for Economic Co-operation and

3 weeks ago

Economy

U.S. Retail Sales Rise Slightly as Economic Concerns Grow

U.S. shoppers increased their spending only marginally in February, following a sharp decline in January. This signals a more cautious approach to spending as concerns about the economy mount. The Commerce Department

3 weeks ago

Economy

Pound Slips as UK Growth Disappoints, Euro Rises

The British pound lost ground against the dollar on Friday after disappointing economic data, while the euro strengthened on news of a German debt deal. Sterling fell as much as 0.25% to

4 weeks ago

Economy

Consumer Sentiment Drops as Tariff Fears Grow

The Trump bump in consumer sentiment has turned into a slump. Americans are growing increasingly worried over President Donald Trump’s escalating and unpredictable trade war, according to the latest University of Michigan

4 weeks ago

Economy